Arvind Nithrakashyap Sells 32,484 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CTO Arvind Nithrakashyap sold 32,484 shares of Rubrik stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $98.85, for a total value of $3,211,043.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Arvind Nithrakashyap also recently made the following trade(s):

• On Thursday, June 5th, Arvind Nithrakashyap sold 32,477 shares of Rubrik stock. The stock was sold at an average price of $99.83, for a total transaction of $3,242,178.91.
• On Wednesday, May 7th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The shares were sold at an average price of $75.20, for a total transaction of $2,442,796.80.
• On Monday, May 5th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The stock was sold at an average price of $75.03, for a total transaction of $2,437,274.52.
• On Wednesday, April 9th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The shares were sold at an average price of $56.61, for a total transaction of $1,838,919.24.
• On Monday, April 7th, Arvind Nithrakashyap sold 32,484 shares of Rubrik stock. The shares were sold at an average price of $52.04, for a total transaction of $1,690,467.36.

Rubrik Price Performance

RBRK stock traded down $0.54 during trading on Friday, hitting $98.03. The stock had a trading volume of 6,567,499 shares, compared to its average volume of 2,153,933. Rubrik, Inc. has a twelve month low of $28.34 and a twelve month high of $105.48. The company's 50-day moving average price is $74.56 and its two-hundred day moving average price is $68.88. The stock has a market capitalization of $18.60 billion, a P/E ratio of -34.64 and a beta of 0.87.

Rubrik (NYSE:RBRK - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.17. The firm had revenue of $278.48 million for the quarter, compared to analysts' expectations of $260.39 million. During the same quarter in the previous year, the firm posted ($1.58) earnings per share. The firm's revenue for the quarter was up 48.7% compared to the same quarter last year. As a group, sell-side analysts expect that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Rubrik

A number of large investors have recently modified their holdings of RBRK. Voloridge Investment Management LLC acquired a new position in Rubrik during the fourth quarter worth about $85,331,000. Green Alpha Advisors LLC lifted its stake in Rubrik by 53.4% in the 1st quarter. Green Alpha Advisors LLC now owns 8,114 shares of the company's stock worth $495,000 after purchasing an additional 2,824 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Rubrik by 2,899.7% during the 4th quarter. BNP Paribas Financial Markets now owns 313,765 shares of the company's stock worth $20,508,000 after purchasing an additional 303,305 shares during the last quarter. FMR LLC grew its position in shares of Rubrik by 172.6% in the fourth quarter. FMR LLC now owns 3,261,925 shares of the company's stock valued at $213,199,000 after purchasing an additional 2,065,444 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Rubrik by 168.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 667,229 shares of the company's stock valued at $43,610,000 after purchasing an additional 418,457 shares in the last quarter. Hedge funds and other institutional investors own 49.54% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RBRK shares. Piper Sandler decreased their price objective on Rubrik from $87.00 to $72.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. BMO Capital Markets reiterated an "outperform" rating and set a $110.00 price target (up from $77.00) on shares of Rubrik in a research report on Friday. Rosenblatt Securities upped their price objective on Rubrik from $82.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday. Wedbush reaffirmed an "outperform" rating and set a $120.00 price objective (up previously from $80.00) on shares of Rubrik in a research note on Friday. Finally, Guggenheim lifted their target price on shares of Rubrik from $105.00 to $108.00 and gave the company a "buy" rating in a report on Friday. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $95.81.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.